President Nana Addo Dankwa Akufo-Addo on Tuesday, May 1,2018 launched a new employment module, the Nation Builders’ Corps (NABCO), to tackle graduate unemployment in Ghana.
NABCO which was launched at the Great Hall at the Kwame Nkrumah University of Science and Technology (KNUST) in the Ashanti regional capital, Kumasi, is expected to employ about a hundred thousand (100,000) graduates with Diploma and Degree, under seven modules.
Speaking at the ceremony, the president of the Republic, Nana Akufo-Addo said graduate unemployment in the country has become tragic.
‘The grave story of youth unemployment has been a tragic part of our lives for far too long in Ghana,” he said and hastened that his government is working tirelessly to tackle the unpleasant situation.
“Data from the renowned Institute of Statistical, Social and Economic Research (ISSER) published in March 2017 revealed that only 10 per cent of our graduates found jobs after the first year of completing school. That it takes up to 10 years for the graduates to secure employment.
“The World Bank Jobs in Ghana Report published in 2016 revealed that about 48 per cent of the youth in the country, who are between the ages of 15 and 25 years, do not have jobs,” he added.
To him, the unemployment situation has been “worsened by the ban on public sector employment by the International Monetary Fund” adding “Today, the number of graduates being produced by tertiary institutions have outstripped the number of available jobs.”
Mr Akufo-Addo noted the programme will employ 100,000 youth in 2018 and over eighty thousand youth via the Youth Employment Agency (YEA).
More Than 1 Million Jobs Created
Meanwhile, the Employment and Labour Relations Minister, Ignatius Baffour-Awuah has disclosed the Akufo-Addo administration has worked hard to address Ghana’s unemployment challenges in the last 16 months after assuming power.
speaking at the launch of the Nation Builders’ Corps (NABCO), the Sunyani West MP said government under the stewardship of Mr Akufo-Addo has created 1,996,444 jobs in the formal sector.
“This happened within the formal economy. So what happened within the informal economy is not even accounted for here,” he said.
Reiterating government’s commitment to solving unemployment, the minister said creating jobs is very paramount on the agenda of the Akufo-Addo administration hence the creation of the NABCO which will ensure that graduates get jobs after national service devoid of “frustration, confusion.”
The minister said “If there is any single intervention which addresses the school to work transition in our country we can’t have any better programme than NABCO.”
Graduates employed under NABCO will benefit from a monthly salary of GHC 700.